Real Estate Policies

President Obama Endorses Overhauling Fannie Mae, Freddie Mac

President Obama devoted an entire speech yesterday to the housing market, specifically reforms he’d like to see made to our home financing system. President Obama called for reforms to both Fannie Mae and Freddie Mac in a policy speech

3 Important Trends in Housing For the Rest of 2013

The housing market has grown in many interesting ways so far this year, and agents will have some interesting details to consider for 2013’s second half. The housing market has cut an encouraging path the last six months. What

NAR Opens Realtor.com to Non-Realtor Listings

The National Association of Realtors has approved changes to the Realtor.com website that will open the site to non-Realtor listings and rentals. The National Association of Realtors’ Board of Directors yesterday approved a number of amendments to its popular Realtor.com website

Fear of the Unknown – Working with VA Loans

VA loans can be an excellent way for veterans to become homeowners, but how can agents make sure they understand the program? Anna Mayer-Huls explains. We owe a lot to our veterans. They give up their time, families, and

How Rising Mortgage Rates are Affecting Prospective Homebuyers

Mortgage rates are at their highest levels in years, but how are they impacting the decisions of potential homebuyers? A new Trulia survey explains. Well, it was fun while it lasted! After falling for a sustained, seemingly endless length

Foreign Homebuyers Total $68.2 Billion in Sales in 2013

Foreign homebuyers contributed $68.2 billion in sales in 2013, a number that, though certainly big, actually represents a step back from 2012. Are foreign homebuyers losing their appetite for U.S. real estate, or are international economic forces prohibiting them

4 Things We Learned From Last Week’s Existing-Home Sales Report

NAR’s existing-home sales report for May, which came out last week, offered a very interesting glimpse at where housing is right now in its recovery. Last week’s existing-home sales report from the National Association of Realtors was a smorgasbord

Short Sale Mortgage Forgiveness Act – Time is Running Out!

Though the Mortgage Forgiveness Act will likely expire at the end of the year; Bert Gor offers a critical refresher of the act’s main tenets. Whether you have done one, or you have done 50, you know that there

Don’t Fret – Rising Mortgage Rates are NOT the End the World

Though some headlines on rising mortgage rates have bared apocalyptic overtones, the housing market has some room to spare on rate increases. Mortgage have ticked up in recent weeks, and already, the doomsday headlines (many of them broadcasting the

4 Hurdles for the Housing Recovery

Housing is putting up its best numbers in some time, but we can’t ignore some of its potential hurdles as the market changes. Nearly every media outlet imaginable has jumped on the housing-recovery bandwagon, reporting on the numerous signs

3 Ways the Obama Budget Could Affect Your Business

The 2014 Obama budget has been garnering plenty of attention from the press, but how could it affect your residential real estate business? Well, it’s that time of the year! Oh yes, the nation’s capitol has begun the early

Everything You Need to Know About the April 30 Managing Broker License Renewal

By April 30, 2013 Illinois managing broker licensees must have completed the continuing education (CE) requirements and applied to renew their license through the Illinois Department of Financial and Professional Regulation (IDFPR). What’s required? That depends on how you

Busting 3 Homeownership Myths

In the wake of the housing crisis, some nasty myths regarding homeownership have been making the rounds, but they’re just that – myths. During the economic downturn, the concept of homeownership endured quite a bit of mudslinging from numerous

Cockpit View

Ok, so I have a passion for flying, but this analogy I believe will resonate with many of you. We have all been schooled on the old adage that a windshield is bigger than the rearview mirror for a

New Social Media Privacy Laws Set the Bar

Social media has shifted how most businesses keep track of their employees and how schools keep tabs on their students. You’ve probably read about employees being fired for things they’ve put on their social media accounts, or universities kicking

The Mortgage Debt Relief Act – What Every Agent Needs to Know

If you are in real estate, you probably know that the Mortgage Debt Relief Act of 2007 is due to expire at the end of this year. Regardless of whether you do a lot of short sales or just

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